Aehr Test Systems (NASDAQ:AEHR) Given Average Recommendation of “Buy” by Brokerages

Shares of Aehr Test Systems (NASDAQ:AEHR) have been given a consensus rating of “Buy” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $136.6667.

Several equities analysts recently commented on the stock. Zacks Research raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Weiss Ratings lowered shares of Aehr Test Systems from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Lake Street Capital reaffirmed a “buy” rating and issued a $110.00 price target on shares of Aehr Test Systems in a report on Wednesday, July 15th. Freedom Capital raised shares of Aehr Test Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Wall Street Zen raised shares of Aehr Test Systems from a “sell” rating to a “hold” rating in a report on Saturday, July 18th.

Aehr Test Systems Stock Performance

Shares of NASDAQ AEHR opened at $101.73 on Monday. Aehr Test Systems has a fifty-two week low of $17.33 and a fifty-two week high of $147.40. The company has a market cap of $3.32 billion, a PE ratio of -423.86 and a beta of 3.10. The business has a 50-day simple moving average of $94.63 and a two-hundred day simple moving average of $74.93.

Insider Activity at Aehr Test Systems

In other news, Director Laura Oliphant sold 1,717 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $133.00, for a total value of $228,361.00. Following the completion of the transaction, the director directly owned 16,100 shares in the company, valued at $2,141,300. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alberto Salamone sold 9,672 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $127.72, for a total value of $1,235,307.84. Following the completion of the transaction, the executive vice president owned 41,962 shares of the company’s stock, valued at approximately $5,359,386.64. The trade was a 18.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,475 shares of company stock worth $13,827,160 in the last quarter. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Aehr Test Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Aehr Test Systems by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,337,433 shares of the semiconductor company’s stock worth $47,193,000 after purchasing an additional 49,243 shares in the last quarter. Halter Ferguson Financial Inc. increased its holdings in shares of Aehr Test Systems by 41.7% during the 4th quarter. Halter Ferguson Financial Inc. now owns 642,129 shares of the semiconductor company’s stock valued at $12,965,000 after purchasing an additional 189,117 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Aehr Test Systems during the 1st quarter valued at approximately $291,000. UBS Group AG lifted its stake in shares of Aehr Test Systems by 55.7% in the 4th quarter. UBS Group AG now owns 243,129 shares of the semiconductor company’s stock valued at $4,909,000 after purchasing an additional 87,014 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Aehr Test Systems in the 4th quarter valued at $407,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Aehr Test Systems Company Profile

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.